Mathematics, 08.04.2021 01:10 25linm
A deposit is a sum of money you put into your bank account. When you visit the bank, you use a deposit slip to record the exact amounts of currency, coins, and checks you deposit. To make an electronic deposit, you use an automated teller machine (ATM) which requires you to have an ATM card and a personal identification number (PIN)
Total Deposit = (currency + coins + checks) - cash received
Example: Find the total deposit:
Lani Decker is making a daily deposit into her boss' bank account. She has checks in the amounts of $524.89, $326.96, and $287.39. Her cash consists of 8 twenty-dollar bills, 10 ten-dollar bills, 9 five-dollar bills, and 18 one-dollar bills. She has coins in the following denominations: 6 quarters, 18 dimes, 7 nickels, and 4 pennies. What is her total deposit?
Step 1. (8 X $20) + (10 X $10) + (9X $5) + (18 X $1) = $160 +$100 + $45 + $18 = $323.00 currency
Step 2. (6 X $0.25) + (18 X $0.10) + (7 X $0.05) + (4 X $0.01) = $1.50 + $1.80 + $0.35 + $0.04 = $3.69 coins
Step 3: $524.89 + $326.96 + $287.39 = $1,139.24 checks
Step 4: $323.00 + $3.69 + $1,139.24 - 0.00 = 1,465.93 total deposit
Find the total deposit:
1. ($47.00 + $1.25 + $152.00) - $25.00
2. ($1,287.00 + $2.93 + $ 624.78) - $65.00
3. Checks: $100.00; $145.00; $98.00.
Cash: 6 twenties; 7 tens; 11 fives; 19 ones; 3 quarters; 13 dimes; 5 nickels; 8 pennies.
4. Checks: $374.85 and $219.47.
Cash: 9 twenties; 4 tens; 7 fives; 2 ones; 8 quarters; 23 dimes; 11 nickels; 3 pennies.
Cash received: $50.00
5. J. R. Miner stopped at the ATM. He deposited his check for $467.72 and his wife's $289.44 paycheck. He asks for $120.00 cash back and deposits the rest. What is his total deposit?
6. Mark Vance stopped at the bank. He deposited his paycheck for $647.79 and a rebate check for $14.50. If he receives $85.00 cash and deposits the rest, what is his total deposit?
Answers: 2
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A deposit is a sum of money you put into your bank account. When you visit the bank, you use a depos...
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